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The Pomp Podcast

#540: Chad Barraford on Cross-Chain Swaps

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 22 April 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

Chad Barraford is a software engineer and the Technical Lead for THORchain.  In this conversation, we discuss THORchain, how it works, why cross-chain swaps are important, how ShapeShift adopted the system, and what the impact on DeFi will be.  ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.com ======================= Exodus is an absolute game changer in the crypto wallet space, and we’ve teamed up to offer an exclusive discount for you, as listeners of the podcast. Sign up for Exodus today using my promo code Exodus.com/pomp. This is a no brainer for both newcomers and crypto heavyweights - go sign up today.  ======================= With 10M+ users, Crypto.com is the easiest place to buy, and sell 100+ cryptocurrencies. The Crypto.com Visa Card gives you up to 8% back instantly, and 100% back on Spotify and Netflix. Also, Crypto.com lets you earn up to 8.5% p.a. on BTC, and 14% p.a. on stablecoins. Get $25 when you download the Crypto.com App with code "pomp". Download the App now: https://crypto.onelink.me/J9Lg/pomppodcast2021 ======================= Did you know only 1% of day traders actually turn a profit? So why are so many of us mistaking picking stocks for serious investing? You can’t control the markets, but you can control your risks. So how do billionaire investors control their risk? They invest in blue-chip art. If that sounds unusual to you, you’re not alone. But the ultra-wealthy have been investing in art for centuries. And since 2000, art has outperformed the S&P by an incredible 180%. Just a few years ago, a single work sold for $450 million! Imagine...Being able to invest in the very same paintings as millionaires and billionaires, at a fraction of the cost. Masterworks.io is an exclusive platform that makes it as easy as trading stocks online. And the best part is: you don’t need to know anything about art. Their experts will create a custom portfolio to meet your investment needs. With Masterworks.io you don’t have to choose between big risks and big returns. Sign up today, select PODCAST and you can skip the 70,000 waitlist to get first dibs. Just go to www.masterworks.io and select PODCAST. =======================

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast, simply the best podcast out there. Let's kick this thing off.

0:09.7

Chad Baroford is a software engineer and technical lead for Thorchain. In this conversation, we discuss Thorchain, how it works, why cross-chain swaps are important, how shape shift shift adopted the system,

0:21.4

and what the impact on Defi will be. I really enjoyed this conversation, and I hope you do as well.

0:27.7

Before we get into this episode, though, I want to quickly talk about our sponsors.

0:31.6

First up is Circle. They're a global financial technology firm that enables businesses of all sizes

0:36.7

to harness the power of

0:38.0

stable coins and public blockchains for payments commerce and financial applications worldwide

0:42.9

circle is a principal developer of usd coin or usdc it's the fastest growing regulated

0:48.6

fully reserved dollar stable coin in the world they've got more than 13 billion dollars in

0:53.3

market cap and they're adding nearly

0:54.9

$300 million in net new digital dollars every week. You can get a free Circle account and their

1:01.1

suite of platform API services that bridge the gap between traditional payments and crypto for

1:05.9

trading, DPI, and NFT marketplaces at circle.com. I recently had Jeremy the CEO on the podcast. He did an excellent

1:13.2

job, very clear that they've got product market fit and growing quickly. Go check him out at

1:17.9

circle.com. Next up is Exodus, who is leading the world out of the traditional financial system

1:25.1

by building beautiful and user-friendly blockchain products. They've got to focus on design and user experience. Exodus has become one of the

1:32.0

most popular and loved cryptocurrency apps. They're supported on both desktop and mobile, and it

1:36.4

allows you to sync your wallet across multiple devices so you can have access to your funds

1:40.1

anywhere. You can instantly exchange around 100 different cryptocurrency straight from your wallet,

1:44.6

and they've got interactive charts that let you view an asset's price history and your portfolio's

1:48.8

performance over time. And maybe the best part is Exodus is integrated with the Treasure

1:52.9

hardware wallet, making advanced security easy for everyone. Go visit them at Exodus.com for your

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